1 March 2023 v2024.6.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP124676282023-03-012024-02-29124676282024-02-29124676282023-02-2812467628core:WithinOneYear2024-02-2912467628core:WithinOneYear2023-02-2812467628core:ShareCapital2024-02-2912467628core:ShareCapital2023-02-2812467628core:RetainedEarningsAccumulatedLosses2024-02-2912467628core:RetainedEarningsAccumulatedLosses2023-02-2812467628bus:Director12023-03-012024-02-2912467628bus:RegisteredOffice2023-03-012024-02-2912467628core:PlantMachinery2023-03-012024-02-2912467628core:MotorVehicles2023-03-012024-02-29124676282022-03-012023-02-2812467628core:PlantMachinery2023-03-0112467628core:PlantMachinery2024-02-2912467628core:PlantMachinery2023-02-281246762812023-03-012024-02-2912467628countries:EnglandWales2023-03-012024-02-2912467628bus:AuditExemptWithAccountantsReport2023-03-012024-02-2912467628bus:PrivateLimitedCompanyLtd2023-03-012024-02-2912467628bus:SmallEntities2023-03-012024-02-2912467628bus:FullAccounts2023-03-012024-02-29
Company registration number:
12467628
RR Signs & Print Limited
Unaudited Filleted Financial Statements for the year ended
29 February 2024
RR Signs & Print Limited
Report of the Accountant to the director of RR Signs & Print Limited
Year ended
29 February 2024
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended
29 February 2024
.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the statement of financial position you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a "true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
XNM Accountancy Limited
15 Berristow Grange
Sutton-in-Ashfield
Nottinghamshire
NG17 1LU
United Kingdom
Date:
11 March 2024
RR Signs & Print Limited
Statement of Financial Position
29 February 2024
20242023
Note££
Fixed assets    
Tangible assets 5
36,019
 
39,571
 
Current assets    
Debtors 6
9,129
 
17,965
 
Cash at bank and in hand
8,695
 
24,914
 
17,824
 
42,879
 
Creditors: amounts falling due within one year 7
(7,393
)
(31,081
)
Net current assets
10,431
 
11,798
 
Total assets less current liabilities 46,450   51,369  
Provisions for liabilities
(6,843
)
(7,518
)
Net assets
39,607
 
43,851
 
Capital and reserves    
Called up share capital
10
 
1
 
Profit and loss account
39,597
 
43,850
 
Shareholders funds
39,607
 
43,851
 
For the year ending
29 February 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
11 March 2024
, and are signed on behalf of the board by:
R Warrener
Director
Company registration number:
12467628
RR Signs & Print Limited
Notes to the Financial Statements
Year ended
29 February 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
37 Maid Marian Way
,
New Ollerton
,
Newark
,
NG22 9TP
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
20% on cost
Motor vehicles
25% on reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the year was
3
(2023:
3.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 March 2023
50,292
 
Additions
7,925
 
At
29 February 2024
58,217
 
Depreciation  
At
1 March 2023
10,721
 
Charge
11,477
 
At
29 February 2024
22,198
 
Carrying amount  
At
29 February 2024
36,019
 
At 28 February 2023
39,571
 

6 Debtors

20242023
££
Trade debtors
9,129
 
17,965
 

7 Creditors: amounts falling due within one year

20242023
££
Trade creditors
365
  -  
Taxation and social security
5,500
 
8,123
 
Other creditors
1,528
 
22,958
 
7,393
 
31,081